GST squeezes exporters’ order books 15% drop across industries and product categories till Oct: FIEO Two months after the implementation of the goods and services tax (GST), the order books of exporters are said to have taken a hit, with estimates pegging the impact by up to 15 per cent across industries and product categories. The impact could be seen even as exports saw double-digit rise in August year-on-year (y-o-y). According to an assessment by the Federation of Indian Export Organisations (FIEO), the large drop was seen in export orders that were meant to be delivered until October. The dip, registered over a period of two months since July (when the GST was introduced), was largely on account of exporters not fulfilling orders due to lack of credit, said Ajay Sahai, director general at FIEO. The liquidity crunch had forced many to use available resources to manage existing business operations rather than fulfilling orders from abroad, he said. Though export growth accelerat